Precious Metal Continue Climbing on Expectations of Rate Reduction Gold is up 1% to near one-week highs on Thursday, driven by a weaker U.S. dollar and lower yields following signs of a cooling labor market. Investors are now anticipating a potentially larger-than-expected interest rate cut from the Federal Reserve this month. Recent data showing a decline in private sector hiring and job openings has increased expectations for a 50 basis point rate cut, with traders now seeing a 45% chance of such a move. The upcoming non-farm payrolls report on Friday is expected to provide further insight into the labor market’s health and influence the Fed’s decision-making. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Nears Two-Month High Amid Anticipation of US Rate Cut READ MORE Forbes Explains CBDCs: Understanding the Rise of CBDCs READ MORE Silver Production Set to Grow 4.1% in 2024 with Operations Resuming READ MORE ING: Gold tops $2,500 for the first time READ MORE CEOs Identify National Debt as Foremost Threat Amid Global Uncertainties READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment